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Companies such as Meta, Microsoft, BlackRock, and Chevron are conducting layoffs. Artificial intelligence is reshaping some workforces. See the list of companies letting workers go in 2025.
From Goldman Sachs to BlackRock to Morgan Stanley, here's what execs are saying about hiring and bonuses as they look to slash expenses.
BlackRock, Inc. is an American multinational investment company.Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, [3] with US$11.5 trillion in assets under management as of 2024. [2]
Meanwhile, the race to succeed another Wall Street titan — BlackRock's Larry Fink — took a turn with the departure of Mark Wiedman, who was widely viewed as a top candidate for the job. 3.
When BlackRock split from Blackstone in 1994, Fink retained his positions, [3] becoming chairman in 1998 after BlackRock became independent. His other positions at the company have included chairman of the board, chairman of the executive and leadership committees, chair of corporate council and co-chair of the global client committee. [14]
Kapito met his wife Ellen R. Hershey when she was a student at the University of Pennsylvania School of Nursing, and they married in 1980. [10] Ellen R. Hershey is the daughter of Bernard and Roslyn Hershey of North Valley Stream, New York.